Categories AlphaGraphs, Consumer, Earnings

Foot Locker (FL) Q1 2022 earnings drop but beat estimates, sales rise

Shoe store chain Foot Locker (NYSE: FL) reported mixed results for the first quarter of 2022. Earnings decreased from last year but topped expectations, while net sales missed the Street view.

Foot Locker Q1 2022 earnings infographic

First-quarter earnings, adjusted for one-off items, declined to $1.60 per share from $1.96 per share in the same period of 2021. However, the latest number surpassed Wall Street’s prediction. Unadjusted net income dropped to $133 million or $1.37 per share from $202 million or $1.93 per share a year earlier.

The New York-based company reported net sales of $2.18 billion, up 1% from the prior-year period when it reported sales of $2.15 billion. The top line missed the consensus forecast.

“Our progress in broadening and enriching our assortment continues, as we continue to meet our customers’ demand for choice. These efforts helped drive our strong results in the first quarter, and we believe will allow us to more fully participate in the robust growth of our category going forward,” said Foot Locker’s CEO Richard Johnson.

Prior Performance

  • Foot Locker reports Q4 2021 earnings results
  • Foot Locker reports Q2 2021 earnings results
  • Foot Locker Q1 2021 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Earnings: Highlights of Bed Bath & Beyond (BBBY) Q1 report

Home furnishing retailer Bed Bath & Beyond (NASDAQ: BBBY) has reported a net loss for the first quarter of 2022 when the company’s revenues declined by 25%. Net earnings, adjusted

Mattel (MAT): Here are a few points to keep in mind if you are considering this toymaker

Shares of Mattel Inc. (NASDAQ: MAT) have gained 1% year-to-date and 6% over the past 12 months. The company delivered double-digit growth in sales and improved profitability for its most

Prologis (PLD) set for long-term gains from high e-commerce demand

The ripples of the COVID-driven e-commerce boom are being felt beyond the retail industry, and the other sectors influenced by it include transportation and real estate. The high demand for

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top